SAP Ag Correlations

SAPGF
 Stock
  

USD 87.56  1.68  1.88%   

The correlation of SAP Ag is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SAP Ag moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SAP Ag Systeme moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, take a look at World Market Map.
  
Refresh
The ability to find closely correlated positions to SAP Ag could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAP Ag when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SAP Ag - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SAP Ag Systeme to buy it.

Moving together with SAP Ag

0.79CRMSalesforcePairCorr
0.85INTUIntuit Inc Fiscal Year End 23rd of August 2022 PairCorr
0.98SAPSAP Ag ADRPairCorr
0.76NOWServicenow Tech BoostPairCorr
0.85DASTFDassault SystemesPairCorr
0.85DASTYDassault Systeme APairCorr
0.8TEAMAtlassian Cls A Fiscal Year End 4th of August 2022 PairCorr
0.76SNOWSnowflake IncPairCorr
0.75CDNSCadence Design SysPairCorr
0.82MFGMizuho FinancialPairCorr
0.72PKXPosco HoldingsPairCorr
0.86LPLLg DisplayPairCorr
0.66SKMSk Telecom CorpPairCorr
0.83MUFGMitsubishi Ufj FinancialPairCorr
0.82TOYOFTOYOTA MOTOR CORPPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FUBER
UBERMSFT
FMSFT
CRMMSFT
JPMA
JPMF
  
High negative correlations   

SAP Ag Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between SAP Ag stock performing well and SAP Ag company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze SAP Ag's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.75  0.17  0.07  0.12  3.48  0.06 (2.91)  5.66 (5.40)  36.79 
MSFT 1.93  0.03  0.00 (0.18)  0.00 (0.0227)  0.00  2.97 (4.24)  9.36 
UBER 3.44 (0.30)  0.00 (0.36)  0.00 (0.11)  0.00  6.32 (7.19)  18.56 
F 2.37 (0.30)  0.00 (0.39)  0.00 (0.14)  0.00  3.68 (5.54)  16.83 
T 1.32  0.38  0.28  0.38  1.36  0.25 (1.53)  2.99 (2.47)  12.17 
A 1.97  0.08  0.00 (0.13)  0.00  0.0176  0.00  3.19 (3.50)  9.78 
CRM 2.65  0.05  0.00 (0.17)  0.00 (0.0276)  0.00  6.33 (5.28)  16.84 
JPM 1.47 (0.11)  0.00 (0.30)  0.00 (0.06)  0.00  2.98 (3.00)  10.78 
MRK 1.07  0.29  0.33  0.38  0.99  0.27 (1.23)  2.16 (1.65)  7.61 
XOM 2.00  0.24  0.08  0.06  2.97  0.1 (1.71)  3.03 (3.96)  11.86 

Be your own money manager

Our tools can tell you how much better you can do entering a position in SAP Ag without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Rebalancing Now

   

Portfolio Rebalancing

Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
All  Next Launch Module

SAP Ag Corporate Management

Elected by the shareholders, the SAP Ag's board of directors comprises two types of representatives: SAP Ag inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAPGF. The board's role is to monitor SAP Ag's management team and ensure that shareholders' interests are well served. SAP Ag's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SAP Ag's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christa VergienKnopf - Member of the Supervisory Board, Employee RepresentativesProfile
James Wright - Member of the Supervisory Board, Employee RepresentativesProfile
Klaus Wucherer - Member of the Supervisory BoardProfile
Robert SchuschnigFowler - Member of the Supervisory Board, Employee representativeProfile
Pekka AlaPietila - Member of the Supervisory BoardProfile
Christine Regitz - Member of the Supervisory Board, Employee representativeProfile

Investing SAP Ag Systeme

You need to understand the risk of investing before taking a position in SAP Ag. The danger of trading SAP Ag Systeme is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SAP Ag is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SAP Ag. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SAP Ag Systeme is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the SAP Ag Systeme information on this page should be used as a complementary analysis to other SAP Ag's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for SAPGF OTC Stock analysis

When running SAP Ag Systeme price analysis, check to measure SAP Ag's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SAP Ag is operating at the current time. Most of SAP Ag's value examination focuses on studying past and present price action to predict the probability of SAP Ag's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SAP Ag's price. Additionally, you may evaluate how the addition of SAP Ag to your portfolios can decrease your overall portfolio volatility.
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Is SAP Ag's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SAP Ag. If investors know SAPGF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SAP Ag listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.29
Market Capitalization
105.1 B
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.0463
Return On Equity
0.13
The market value of SAP Ag Systeme is measured differently than its book value, which is the value of SAPGF that is recorded on the company's balance sheet. Investors also form their own opinion of SAP Ag's value that differs from its market value or its book value, called intrinsic value, which is SAP Ag's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SAP Ag's market value can be influenced by many factors that don't directly affect SAP Ag's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SAP Ag's value and its price as these two are different measures arrived at by different means. Investors typically determine SAP Ag value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SAP Ag's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.